M6, TF1 shares jump on tie-up prospects between TV groups By Reuters
PARIS (Reuters) - Shares of France's two top broadcasters M6 and TF1 jumped in early trading on Tuesday after their respective owners said they planned to combine them in a bid to fend off the rise of video platforms such as Netflix (NASDAQ:NFLX) Shares of TF1, controlled by French conglomerate Bouygues (PA:BOUY), were leaping by close to 10% at 0734 GMT, while those of M6, controlled by Germany's Bertelsmann, were up by 7.5%. The tie-up plans will create a new French market leader with 3.4 billion euros ($4.15 billion)in revenue and Bouygues as...
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